SSAB-B.ST vs. GAMA.L

Last updated Jun 5, 2026

SSAB-B.ST (SSAB AB (publ)) and GAMA.L (Gamma Communications plc) are both stocks. SSAB-B.ST operates in Steel (Basic Materials), while GAMA.L operates in Telecom Services (Communication Services). Over the past 10 years, SSAB-B.ST returned 29.66%/yr vs 10.07%/yr for GAMA.L. At a 0.10 correlation, their price movements are largely independent.

Performance

SSAB-B.ST vs. GAMA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a SEK 10,000 investment in SSAB AB (publ) (SSAB-B.ST) and Gamma Communications plc (GAMA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SSAB-B.ST is traded in SEK, while GAMA.L is traded in GBp. To make them comparable, the GAMA.L values have been converted to SEK using the latest available exchange rates.

Returns By Period

In the year-to-date period, SSAB-B.ST achieves a 45.04% return, which is significantly higher than GAMA.L's 6.42% return. Over the past 10 years, SSAB-B.ST has outperformed GAMA.L with an annualized return of 29.66%, while GAMA.L has yielded a comparatively lower 10.07% annualized return.

SSAB-B.ST

• 1D: 1.50%
• 1M: 15.12%
• YTD: 45.04%
• 6M: 49.32%
• 1Y: 68.84%
• 3Y*: 15.64%
• 5Y*: 28.68%
• 10Y*: 29.66%

GAMA.L

• 1D: 0.33%
• 1M: 6.55%
• YTD: 6.42%
• 6M: 3.86%
• 1Y: -20.02%
• 3Y*: -7.75%
• 5Y*: -11.49%
• 10Y*: 10.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSAB-B.ST vs. GAMA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSAB-B.ST SSAB AB (publ)	45.04%	65.48%	-38.25%	60.40%	29.70%	74.22%	29.78%	28.29%	-30.16%	27.16%
GAMA.L Gamma Communications plc	6.42%	-44.86%	48.38%	7.57%	-31.76%	10.01%	12.75%	101.74%	17.03%	38.24%

Correlation

The correlation between SSAB-B.ST and GAMA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 13, 2014	0.10

Return for Risk

SSAB-B.ST vs. GAMA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSAB-B.ST

SSAB-B.ST Risk / Return Rank: 84
SSAB-B.ST Sharpe Ratio Rank: 87
SSAB-B.ST Sortino Ratio Rank: 84
SSAB-B.ST Omega Ratio Rank: 82
SSAB-B.ST Calmar Ratio Rank: 86
SSAB-B.ST Martin Ratio Rank: 84

GAMA.L

GAMA.L Risk / Return Rank: 21
GAMA.L Sharpe Ratio Rank: 18
GAMA.L Sortino Ratio Rank: 17
GAMA.L Omega Ratio Rank: 17
GAMA.L Calmar Ratio Rank: 27
GAMA.L Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSAB-B.ST vs. GAMA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SSAB AB (publ) (SSAB-B.ST) and Gamma Communications plc (GAMA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SSAB-B.ST	GAMA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.93	-0.61	+2.54
Sortino ratio: Return per unit of downside risk	2.59	-0.77	+3.36
Omega ratio: Gain probability vs. loss probability	1.32	0.90	+0.42
Calmar ratio: Return relative to maximum drawdown	3.65	-0.47	+4.12
Martin ratio: Return relative to average drawdown	8.08	-0.88	+8.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSAB-B.ST vs. GAMA.L - Sharpe Ratio Comparison

The current SSAB-B.ST Sharpe Ratio is 1.93, which is higher than the GAMA.L Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of SSAB-B.ST and GAMA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSAB-B.ST	GAMA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	-0.61	+2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	-0.39	+1.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.32	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.54	-0.22

Drawdowns

SSAB-B.ST vs. GAMA.L - Drawdown Comparison

The maximum SSAB-B.ST drawdown since its inception was -93.15%, which is greater than GAMA.L's maximum drawdown of -66.27%. Use the drawdown chart below to compare losses from any high point for SSAB-B.ST and GAMA.L.

Drawdown Indicators

	SSAB-B.ST	GAMA.L	Difference
Max Drawdown Largest peak-to-trough decline	-93.15%	-66.27%	-26.88%
Max Drawdown (1Y) Largest decline over 1 year	-19.15%	-42.80%	+23.65%
Max Drawdown (3Y) Largest decline over 3 years	-46.01%	-61.57%	+15.56%
Max Drawdown (5Y) Largest decline over 5 years	-46.01%	-66.27%	+20.26%
Max Drawdown (10Y) Largest decline over 10 years	-52.69%	-66.27%	+13.58%
Current Drawdown Current decline from peak	0.00%	-53.22%	+53.22%
Average Drawdown Average peak-to-trough decline	-42.92%	-20.84%	-22.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.77%	22.78%	-14.01%

Volatility

SSAB-B.ST vs. GAMA.L - Volatility Comparison

The current volatility for SSAB AB (publ) (SSAB-B.ST) is 8.58%, while Gamma Communications plc (GAMA.L) has a volatility of 11.38%. This indicates that SSAB-B.ST experiences smaller price fluctuations and is considered to be less risky than GAMA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSAB-B.ST	GAMA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	11.38%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	25.81%	28.03%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	36.30%	32.51%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.21%	29.46%	+6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.49%	31.26%	+8.23%

Dividends

SSAB-B.ST vs. GAMA.L - Dividend Comparison

SSAB-B.ST's dividend yield for the trailing twelve months is around 2.03%, less than GAMA.L's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAMA.L Gamma Communications plc	2.33%	2.21%	1.17%	1.39%	1.28%	0.74%	0.66%	0.73%	1.19%	1.21%	1.48%	1.43%
SSAB-B.ST SSAB AB (publ)	2.03%	3.73%	11.39%	11.29%	9.69%	0.00%	27.63%	4.91%	4.01%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SSAB-B.ST and GAMA.L in my portfolio?

SSAB-B.ST and GAMA.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.